Luna classic burn estimate. 5% amid the burn tax distribution and Tax2Burn proposal.
Luna classic burn estimate For instance, validator Battle Force Validator Terra Luna Classic token is going up today, could it be because of this massive burn estimate? Let's look at the article, and LUNC token's day chart. 61% of its circulating supply of 5. 30d high / The world’s largest crypto exchange Binance to burn Terra Luna Classic (LUNC) tokens in its 21st batch of the LUNC burn mechanism on Wednesday. 1h 4h D W. The community remains divided on the proposal to increase the on-chain tax rate, fearing crypto exchange Binance may suspend the LUNC burn mechanism. Binance, the globe’s largest cryptocurrency exchange by Related: Terra Luna Classic Community Awaits Massive Token Burn: Over 1 Billion USTC and 275 Billion LUNC Expected. r/TerraLunaClassic: Discussion, news and information about Terra Classic (LUNC Token). It is a dynamic document that will change More About The Terra Classic Ecosystem. And, if Bitcoin’s price improves, so will the price of other cryptocurrencies and Luna The Terra Luna Classic (LUNC) community has made a groundbreaking decision to burn a staggering 60% of its total token supply. How to Stake LUNC: A Step-by-Step Guide For those interested Assess burn tax Begin work on v2 algorithm Solidify the plan around an Algorithmic Fungible Token (AFT) Q1 - 2023. 41 billion Terra Luna Classic (LUNC) tokens to the burn address to contribute to reducing the LUNC circulating supply, according to a transaction on August 1. A Twitter user, @TerraRabel, estimates the burn by Binance alone to reach a trillion mark. What is Luna Classic? Luna is the native staking token of Terra protocol Terra Luna Classic Community Move Ending Current Burn Tax. is about 350 million LUNA. The exchange said it would update the amount each week. Overall Terra Classic burns scorch past 100 billion, reducing circulation to 5. This number represents all the LUNA classic that exists today. This prediction is supported by historical trends and chart patterns. 7 billion Terra Luna Classic (LUNC) tokens as part of its latest burn transaction. Prominent LUNC members protest the proposal as Terra Luna Classic Tax Burn Distribution Upgrade Preparedness. The world’s largest crypto exchange Binance burned 2. As CNF reported, the upgrade is scheduled to commence on December 17, temporarily halting Track current Luna Classic prices in real-time with historical LUNC USD charts, liquidity, and volume. Burns, statistics, top holders, and more. The most popular exchange to buy and trade Terra Luna Classic is Binance, where the most active trading pair LUNC/USDT has a trading volume of $11,624,493. That’s what I’m doing. 00008313. After this date, Terra Luna Classic (LUNC) is gaining traction following a significant weekly token burn of 320 million LUNC. 21, 2022, and Oct. Following the de-peg, LUNA 2. While the exact amount of tokens to be burned remains uncertain, community members estimate it could exceed 1 billion USTC and 275 [] Binance has recently burned 1. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism and hasn’t stopped it even after founder Changpeng “CZ” Zhao stepped down as On September 15th, Terra Classic governance proposal 4661 passed with a 99. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism and hasn't stopped it even after founder Changpeng “CZ” Zhao stepped down as Benefits of Terra Luna Classic Burn; The Terra Luna Classic Burn mechanism provides the platform as a whole, as well as its users, with a number of benefits. This mandate requires TerraForm Labs to destroy private keys associated with various blockchain assets, including LUNC, USTC, MIR, Wrapped LUNA, and LUNA 2. 5 billion fine. With the latest LUNC burn, the total LUNC burn by the crypto exchange to date The all-time high for Terra Luna Classic was $119. Maybe $1 or so, who knows I believe that is achievable with the support of the team and community, and also, more cex seems to be supporting the 1. Billions of Luna Classic tokens are being burned each month, ever since Do Kwon revealed a burn address on the Terra Classic chain back in May. There is a vote proposal happening on terra station this very moment to implement a 1. Get top exchanges, markets, and more. The parameter was successfully activated LUNC Price Consolidation After Token Burn. Few cryptocurrencies have experienced the wild rollercoaster ride that Terra Luna Classic ($ LUNC) has endured. 2% tax and burn on all transactions on-chain. This bold move, announced recently, aims to combat inflation, enhance token value, and restore confidence in An official filing reveals that the court has ordered the company to reopen the Terra Classic Shuttle bridge and burn 150 million LUNA tokens as part of the settlement process with the U. 8 months 45B burn per day ~ 5. The issues are — clients or dApps have to calculate the tax themselves as the simulation endpoint only provides gas estimates. 1 months The proposal to bring the Luna Classic burn tax to 0. 20. 0 was released, foregoing LUNA 1. Thus, the burn event, which could involve up to 275 billion LUNC tokens, will take place by October 31, 2024, reported CNF. when is the real start? ive read some where that voting will take place on sept. Promo. Org as the prototype, the author estimates a loss of 3. As part of its innovative approach, Terra Luna has employed various mechanisms to LUNA Classic (LUNC) is poised for a potential resurgence by 2025, fueled by ecosystem revitalization, a token burn mechanism, real-world adoption efforts, and strong community support. The total LUNC burned by the crypto exchange to date reaches over 50 billion, which is 52. 1 billion Terra Luna Classic (LUNC) tokens in the 18th batch of the LUNC burn mechanism. A huge burn is also very possible despite all the smartarse comments here too! CZ pushed for the burn originally and Binance got burned (like a lot of big names) in the crash. Reply reply Two key factors are likely to contribute to LUNC’s potential recovery. LUNC Technicals Point To More Gains. LUNC Burning Chart. Despite a rise in demand, LUNC’s combined liquidity book is dominated by sells. View the historical trend on a chart, and see transactions in realtime. The transaction also includes a transaction fee of 7. 0₄81437 today as of Jan 23, 2025, 5:08 pm EST, with a 24-hour trading volume of $19. Amidst the whirlpool of developments on Terra Luna Classic’s blockchain, Binance has decided to up the ante on its LUNC burns. 2% lower compared to its value 7 days ago. 0’s UST stablecoin, with a new se The world's largest crypto exchange Binance to burn Terra Luna Classic (LUNC) tokens in its 21st batch of the LUNC burn mechanism on Wednesday. 08% of LUNC’s bloated supply, too minuscule to have a lasting Terra Luna Classic community unanimously passed a major upgrade proposal to revise burn tax distribution. G-1FMKS1KQKY. Terra Luna Classic Price Surged As Burn Rate Increases To 726 Million. 285, depending heavily on burn initiatives and the growing utility of the Terra Luna Classic network. 3. 1. As of October 2023, more than 74. The token’s trading volume on Binance r/LunaClassicCommunity: Luna Classic Community Team - To enable the Luna Classic Community to collectively work with validators and developers to Something tells me that Luna Classic is a metaphorical fuck you to Do Kwon given he’s promoting the new Terra while elements of the community who have been screwed by him are governing Luna Classic. Get app Get the Reddit app Log In Log in to Reddit. The value can increase when more LUNC are minted, and it can decrease Terra Luna Classic has seen a surge in token burns recently, as Binance continues to play a significant role in reducing its supply. 2 % to only 0. 00009217, bringing its market cap to $500 million. In the 29th batch of the LUNC burn mechanism, the crypto exchange burned $233,156 in trading fees for the period between November 30 to December 30. The community burns on average 400 million LUNC per week, with Binance sending billions to the burn address as part of its monthly LUNC burn mechanism. Interestingly, Binance recently executed its 15th LUNC token burn for Terra Luna Classic (LUNC), incinerating approximately 760 million tokens. This resulted in 3. This information is compiled for the convenience of the Luna Classic Community members and is based on information currently available to us. Terra Luna The price of Luna Classic (LUNC) is $0. The v3. 24h high / 24h low. The upgrade will implement Oracle Split logic to divert community pool rewards from burn tax to the Oracle The strategy involves improving utility to enhance the burn rate efficiently. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism and hasn't stopped it even after founder Changpeng “CZ” Zhao stepped down as Binance: 1st Luna Classic Burn Report As I am finalizing the article, I checked into the LUNC Burn at Terrarity. LUNA CLASSIC LUNC RESOURCES LIST CLICK ON THE LARGE BLUE LINKS IN THE LEFT Terra Luna Classic burns 251B LUNC, 264M USTC as Terraform Labs shuts Shuttle Bridge, aiming for market impact amidst regulatory settlement. Based on current burn data, it would take an additional 28,931 monthly burns, or 2410 years, for LUNC to reach its pre-collapse supply of LUNA. 048 billion Terra Luna Classic tokens in the 27th batch of its LUNC burn mechanism. 777T. On the daily chart, it has formed an ascending regression channel and is being supported Terra Luna Classic community awaits massive USTC and LUNC burn by Terraform Labs (TFL) as per the Chapter 11 bankruptcy and court order in the U. According to the latest data, the amount of LUNC burned in the past seven days was approximately 73 million. ️ Statements regarding the work may come this week. Di sisi lain, token InQubeta (QUBE) melonjak 20% menyusul berita ini. Large crypto exchanges such as Binance already support the burn. 3 was announced by Terra Classic popular developer Till Z, known as Fragwuerdig in the LUNC community. Discussions / 4. The community burns an average of 200 million LUNC weekly, while Binance contributes billions monthly to the burn address. With the latest Binance LUNC burn, the total tokens burned by the Terra Classic r/LunaClassic: Luna Classic (LUNC) Skip to main content. SEC case. 5% of each LUNC transaction to a burn wallet The burn tax is used to reduce the hyperinflated supply of LUNC, which increased from 400 million to over 6. The LUNA token was renamed to LUNC after it famously crashed in May 2021. Governance. 67 is the total amount of LUNC burned by The Terra Luna Classic community is voting to establish a new website for LUNC. By reducing the circulating supply, the burn could increase the value of each remaining token. The Luna Classic price page is just one in Crypto. Hodl and buy on pullbacks. 5% decline since yesterday. So far, the Since implementing a burn on all Luna Classic transactions, over 5. Burn Quantity: 250 billion LUNC *Update: This announcement was last updated on 2025-01-01 to reflect the latest burn records. Despite the high burn rate, there are still Burn amounts for Terra Classic (LUNC) have been announced. LUNC and USTC Prices Jump. 65 billion tokens destroyed . 00008956 and $0. So far, the Terra Luna Classic community has wiped out 389 billion LUNC from the The world’s largest crypto exchange Binance has burned 1. 00008975 with a 0. 000135 by the end of 2023. The LUNC circulating supply decreases as the burn rate increases, propelling the Terra Classic price upwards. If this USTC burn offer passes the threshold, Terra Luna Classic will see these 46M USTC tokens burned via contract migration. Discover price predictions, This system allowed users to mint and burn the stablecoin UST to maintain its peg to the dollar. The The Terra Luna Classic (LUNC) community is preparing for an exciting milestone: a significant token burn scheduled for October 31. Luna Classic [11] that it will boost the tax burn of both Terra Classic (LUNC) and Terra Classic USD (USTC) tokens Terra Luna Classic (LUNC) picks up 10% gains as USTC tumbles below 3 cents. The Terra Luna Classic community is gearing up for a monumental burn event that will see approximately 250 billion LUNC tokens removed from circulation. The rally may be driven by the recent U. This website provides links to all important Luna Classic LUNC websites we could locate to educate the LUNC community worldwwide. Using Mo The world’s largest crypto exchange Binance burns almost 4 billion Terra Luna Classic (LUNC) tokens in the 16th batch of the LUNC burn. There is another YouTuber called Mathew perry who is also covering luna burns. 53% of the asset’s total supply of 6. LUNC price fell 2% in the last 24 hours amid selling pressure in the crypto market. 18 on April 5, 2022, while the all-time low was $0. why does it keeps on Binance LUNC Burn: Terra Luna Classic Burn Estimates, LUNC Price to Rally? coingape. This action is part of Binance’s ongoing effort to support the Terra Luna Classic commu. 8 trillion tokens, about 0. Download Recently the idea of reworking the burn tax on Terra Classic There has been a feature on LUNA even pre crash called “stability tax”. So presented with a gas estimate of 100,000, Listen to burn Luna Classic !We burn every week. For context, TFL and its co Terra Luna Classic’s price rose for the second consecutive day as token burn activity accelerated this week. Migrating Terra Luna Classic’s New Burn Initiative. The recent 320 million LUNC token burn is part of Terra Luna Classic burn campaign reached the 76 billion LUNC milestone as crypto exchanges, validators, projects, and members burn LUNC by sending it to the burn address. We can't make a burn estimate based on literally one day of burn data, during a steep decline, after hearing fairly negative news (CZ the previous day) DURING A BEAR MARKET lol. Terra Luna Classic token is going up today, could it be because of this massive burn estimate? Let's look at the article, and LUNC token's day chart. On a weekly LUNC burn: Binance announced its first weekly Terra Luna Classic LUNC burn in spot and margin trading pair fees, totaling $1. Terra Classic (LUNC) is the rebranded Terra Luna (LUNA) coin, which was one of the largest cryptocurrencies back in early 2022. The blockchain was attacked and suffered from a bank run, losing Luna Classic burn tax is only one of the several revival plans of the Terra ecosystem. On October 15, 2024, the Terra Classic community is witnessing growing momentum in the burn campaign, with both Binance and community efforts contributing to the removal of billions of LUNC tokens from circulation. com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Home. This event could potentially boost the token’s value and signal a path forward for a cryptocurrency that has experienced significant challenges. 4 billion Terra Luna Classic (LUNC) tokens in its 21st batch of the LUNC burn mechanism. 0 upgrade is crucial for the chain and the community for tax handling and Get burn data in realtime for UST Classic, see historical burn trends and more! Terra Luna Crash; LUNC Burn Memos; Support this site; Buy me a coffee; Where to Buy LUNC; Follow on X; USTC Burn Tracker Total The Terra Luna Classic community votes on a new LUNC burn tax proposal, Terra Luna Classic community votes on revised LUNC burn tax distribution a non-empty upgrade proposal handler will facilitate rollout with LUNC burn is a blockchain feature of the Luna Classic network that sends 0. LUNC’s bullish momentum comes ahead of a 270 billion token burn Part of the Terra Luna Classic community backs ‘Tax2Gas’, arguing that the new LUNC taxation model will significantly reduce tax and burn revenue. From its all-time high of $119 to navigating the turbulent waters of market volatility, LUNC has not only survived but also cultivated a loyal community of supporters. Impact on LUNC’s Future. Fellow Binancians, Following the recent developments as laid out in Proposal 10983 and Proposal 11111, where LUNC burn is being re-minted as a development fund, Binance will be making changes to the burning of LUNC trading fees, to continue to contribute to the Where can you buy Terra Luna Classic? LUNC tokens can be traded on centralized crypto exchanges. 0. About us; Events; Contact; The community-owned Terra Luna We have entered a new week with hope. So, the more the number Burn amounts for Terra Classic (LUNC) have been announced. TFL's #LUNC and #USTC burns must occur within 10 days or face a $4. Growing Luna Classic (LUNC) is the original Terra blockchain native token, rebranded after its 2022 collapse. With the Luna Burn Tracker, you can stay up-to-date on the latest LUNC burn statistics and understand the effects it has on the Terra Classic ecosystem. The latest USTC burn proposal has gained traction from the Terra Luna Classic community. Terra Classic is the original version of the Terra Luna The world’s largest crypto exchange Binance on Tuesday said it will support the Terra Classic (LUNC) network scheduled for today. 9% of the total LUNC burned by the community. Trending. LUNC Price Statistics. Your statement is incorrect, the numbers are not dropping. In the 20th LUNC burn The Terra Classic community is banking on the token’s new burn tax to reduce the supply of LUNC, which became hyperinflated when the UST stablecoin was drifting further below its $1 peg, leading the system to mint LUNC (which was Terra LUNA Classic is the original LUNA cryptocurrency from the Terra Money blockchain. Lunc Rocket. These are the following: 1. The number of tokens that are burned everyday depends on the number of LUNC transactions that get executed. 00009148, with a 24-hour low and high of $0. Text proposal 12114 by popular developer Frag seeks PPJ approval to implement the burn tax distribution change passed by the Terra Luna Classic community. Raise funds to facilitate utility expansion on Terra Classic 2. In the last 24 hours, the total volume of Terra Luna Classic community voted to reduce the LUNC tax burn rate from 1. io and it is finally here: 5,595,907,838. The BASE Project has three simple goals: 1. Proposal #11958, Luna Classic Com Create Community. As per the SEC, TerraForm Labs has been ordered to destroy private keys linked to specific blockchain wallets, including those holding USTC, LUNA, Wrapped LUNA, and LUNA 2. Dashboard Transactions Leaderboard. Also Read: Terra Luna Classic (LUNC) Burn Tax Change Proposal Officially Passed. Other popular options include MEXC and LBank. 2% burn tax rate was intended before Terra Luna’s system crash in May 2022, the extra 0. 000129 this week, marking its highest point since March this year. LUNC Price. Singapore-based crypto futures trading platform WEEX announced commitment to burn 30% of LUNC trading fees, similar to Binance burning 50% of trading fees for LUNC burn mechanism. Is there any hope for LUNC in How much do you estimate the value of the Planetside IP is Terra Luna, a rapidly growing blockchain ecosystem known for its stablecoin platform, has gained significant attention in the crypto space. Sign in. Expand user menu Open settings menu. December 1 witnessed Binance conducting its 16th batch of LUNC burn, eliminating about 4 billion LUNC coins from circulation. The price currently trades at $0. 2%, which could now take nearly 29 years to take 10 billion tokens out of circulation. Discussion. Key is to Explore Luna Classic's future in the volatile crypto market. 28M. Luna Classic: Burn Tax Proposal Sparks Debate Amid Price Decline The Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community has initiated a heated discussion surrounding Proposal 12149, which aims to The Terra Luna Classic community’s token burn campaign to reduce the LUNC circulating supply finds support of another crypto exchange. No more begging Centralized Exchanges to implement or sustain the burn tax. The value of LUNC today is 23. Terra Luna Classic (), the remnant of the collapsed Terra network, reached an intraday high of $0. 1-okt-2022 - Terra Luna Classic token is going up today, could it be because of this massive burn estimate? Let's look at the article, and LUNC token's day chart. some experts estimate that LUNC might achieve a price of approximately $0. The Rising Demand for Luna and Its The world's largest crypto exchange Binance to burn Terra Luna Classic (LUNC) tokens in its 21st batch of the LUNC burn mechanism on Wednesday. Strange things happen in crypto. election results, where Donald Trump won by a significant margin, Agreed. The most comprehensive LUNC Burn Tracker! Get burn data in realtime for LUNA Classic, see historical burn trends and more! See how much LUNC & USTC has been burned by Binance. Luna Classic Price. 00009391, respectively. 6 months 40B burn per day ~ 5. First, the Terra Luna Classic burn rate has shown consistent growth, with over 389 billion tokens burned to date. r/LunaClassic A chip A close button. 543 and $1. Terra LUNA Classic (LUNC) is the new name for the native token of the rebranded Terra 1. Simak berita lengkapnya berikut ini! Pembakaran Token Oleh Komunitas Terra Luna Classic Terra Luna Classic price has risen gradually after bottoming in August, and analysts are optimistic that it has more upside. 6 billions coins burned. 8% decline since yesterday. The recent burn of 1 billion LUNC tokens by Binance has reignited investor interest in Terra Luna Classic price. Open menu Open navigation Go to Reddit Home. Terra Luna Classic Breaks Silence on Crucial Tax2Gas Upgrade. While the 1. 7 billion LUNC tokens burned by crypto exchange Binance, as per the burn transaction on January 1. 5B) LUNC tokens so far, representing 0. 1. SEC. Join Facebook to connect with Luna Classic Burn and others you may know. This prediction considers Terra Rebel’s planned enhancements and the potential for market recovery. This burn, which reduces the token’s overall supply, is seen by traders as a positive sign for price LUNC Burn Chart. The price of Terra Luna Classic has experienced consolidation, trading at $0. Why This Matters Such technical tweaks can boost the blockchain’s Luna Classic (LUNC) We don’t need to waste money on burning all you have to do is stake with LUNC DAO on the Terra station, they burn if you stake with them, if you want to burn even more just burn the rewards you get, you won’t loose any money you have spent and anyone can do it. Luna Classic (LUNC) Skip to main content. 6% lower compared to its value 7 days ago. BURN TAX. 14 billion Terra Luna Classic (LUNC) tokens; LUNC and USTC prices surged over 10% following the burn; Binance has burned over 64 billion LUNC tokens through September; The exchange increased burn frequency to multiple times per month; A recent analysis suggests potential for 40% LUNC price rally Another crucial development on the cusp of the Terra Luna Classic ecosystem is the blockchain upgrade to version 3. cosmo • Published 30/10/2024 • 142 views. Taking Bitcoin. 5% to 1. For 2025, analysts expect prices to range between $0. The new Release v3. Terra Luna Classic community members contemplate raising the burn tax from 0. After the 23rd batch of the LUNC burn mechanism, Binance has burned nearly 62 billion LUNC to date. After the latest burn by Binance, the total LUNC burned by Burn Now. 000593, marking a remarkable recovery. With the passage of Proposal 5234, the Terra LUNA The Terra Luna Classic community is eagerly awaiting a significant burn of USTC and LUNC tokens, following the Chapter 11 bankruptcy proceedings and court order in the SEC case against Terraform Labs (TFL). This isn't just LUNC, this is any type of data analysis. 3% is set to fund further development and renovation of On-chain metrics suggest whales are reducing their Terra Luna Classic stakes, but the scenario can be flipped once the 275B LUNC burn takes place. 0 blockchain. 2% in the future, Terra Luna Classic developer Genuine Labs on Tuesday announced Tax2Gas proposal is game-changing as it will resolve issues including contract developers’ need to calculate the burn tax manually. $0. 9% decline from an hour ago and a 3. While the actual amount of Terra ecosystem tokens to be Get the latest news on Luna Classic (LUNC), which is the native asset of the Terra Classic blockchain. Find active validators, see how much they've burned, check commission rates, uptime and so much more. 70 million. 8 million LUNC per day. Some Terra Luna Classic members believe the exchange has changed the way it has burned the tokens. even if the pace drops back to a Binance burned 1. 5% amid the burn tax distribution and Tax2Burn proposal. Market ranking and capitalization Terra Luna Classic holds a market rank of #199, with a market capitalization of The Terra Luna Classic (LUNC) blockchain is preparing for a significant burn event following a directive from the U. Accelerate the burning of LUNC to increase In spite of 65% approval, the proposal received substantial backlash from several stakers and validators on the network, giving priority to trading volume over burn tax. 25M visitors. In April, LUNC members unanimously voted to distribute 10% to Oracle Pool. This page reflects the current burning process of LUNA Classic (LUNC) through the smart contract created by Do Kwon following the UST de-peg on May 9th. 000001 on May 13, 2022. While these factors suggest significant growth, investors should remain cautious due to the cryptocurrency market’s inherent volatility. The Terra Luna Classic (LUNC) community has given the green light to a pivotal upgrade that could influence the token’s future trajectory. 30 tokens, with 9. 000453. Last Minute Change Of Plan About The Terra Luna Classic (LUNC) Burn In Binance The devastating BtcTurk hacking incident poured 800,000,000 LUNC tokens into the CP, which can be allocated to new development projects. Securities and Exchange Commission (SEC). In addition to the main burn, the exchange burned 199,389 LUNC tokens in five transactions until now. The addition of . LUNAC is paradoxically anti Do Kwon which I think anyone will cheers to, so that’s my betthe meme power of LUNAC. The LUNC community hires an experienced dev to implement the new burn tax. The hackers’ overcomplicated transactions to erase traces of malicious activity Luna Classic, Remnant of Terra Collapse, Drops After Underwhelming Binance Burn Mechanism Data Binance’s scheme destroyed only 0. It’s decentralised and whales don’t control the supply. 12 and burn date will start on sept. Billions of Luna Classic Crypto exchange Binance has burned over 57 billion Terra Luna Classic (LUNC), accounting 51. A successful burn of this magnitude could have a significant impact on LUNC’s price and long-term stability. BTC. 6 billion LUNC have been burnt, with an average burning rate of more than 95. As the October 31 burn event approaches, excitement is in the air. 7d high / 7d low. The latest update was 500M burn per day ~ 38 years 1B burn per day ~ 19 years 5B burn per day ~ 4 years 10B burn per day ~ 2 years 15B burn per day ~ 1 year and 2 months 20B burn per day ~ 1 year 25B burn per day ~ 9. Moreover, the total LUNC tokens burned by the Terra Luna Classic community has reached over 125 billion. 9 trillion. The second week was exactly 7 days of collection. The Terra Classic (LUNC) coin recently saw a bullish breakout from an ascending triangle pattern, raising excitement among community members. The Roi on Luna I feel will outperform btc and eth if the market turns bullish and burn implemented well. Testing, validation, and security audit of the chain upgrade Upgrade chain to parity with Luna V2 Support dApps with CosmWasm upgrade Repeg the Algorithmically Fungible Token (AFT) Q2+ - 2023 The all-in-one dashboard for LUNC and USTC. This burn event aims to shrink LUNC’s massive 6 trillion supply, potentially creating a scarcity effect that could boost its value. com 27 April 2024 20:31, UTC Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism and hasn’t stopped it even after founder Changpeng “CZ” Zhao stepped down as CEO of the exchange. 7 months 35B burn per day ~ 6. 6,507,527,151,421 LUNC พูดคุยและแลกเปลี่ยนข้อมูลเกี่ยวกับเหรียญ Luna Classic (LUNC). Komunitas Terra Luna Classic sedang mempertimbangkan proposal pembakaran 800 juta USTC, sementara Binance telah membakar 4 miliar token LUNC. 1, 2022, according LUNA Classic (LUNC) is poised for a potential resurgence by 2025, fueled by ecosystem revitalization, a token burn mechanism, real-world adoption efforts, and strong Amid the commendable sustenance of the Terra Classic (LUNC) burn campaign, the community has incinerated 36,536,033,484 (36. The tax burn was first implemented on leading cryptocurrency exchange Binance on The price of Luna Classic (LUNC) is $0. 0₄81339 today as of Jan 24, 2025, 3:50 pm EST, with a 24-hour trading volume of $13. Terraform Labs (TFL) has executed a large-scale token burn of 251 billion Terra Luna Classic (LUNC) and 264 million TerraClassicUSD (USTC) tokens from circulation. 2 months 30B burn per day ~ 7. Terra Luna Classic slumps 15% in two weeks at a market cap Terra Luna Classic’s Biggest Burn Ever? According to the bankruptcy lawsuit court filings, TerraForm Labs should close its business by the end of October 2024 and eliminate all assets originally issued. Terra Luna Classic (), the remnant of the collapsed Terra network, climbed to $0. The Tax2Gas proposal, developed by Genuine Labs, has LUNA and LUNC price rallies as Terra Classic Community votes on a major upgrade amid soaring anticipations over massive token burns. Using Mo The burn happened after the Terra Classic community voted to blacklist Ozone protocol wallet which contained 800 million USTC. 00 in the last 24 hours. However, after the Terra ecosystem collapsed, the community decided to rename the original Luna coin to LUNC News: Terra Luna Classic Community Votes On USTC Burn Proposal. Facebook gives people the power to share and makes the world more open and connected. Now, in this current burn, the tax rate changed from 1. S. 55 million USTC through a contract migration, with a specific focus on wallets linked to the Mirror Protocol. 88% “yes” vote to enable a 1. The value of LUNC today is 20. If you have assets locked on the Shuttle Bridge, complete your withdrawal transactions. 00007617 today, which is a 0. The first burn they did, Binance collected for 10 days, this resulted in the 5. This batch of fees came from trades between Sep. 10M. . 06 million LUNC. Members estimate the burn could involve over 1 billion USTC and 275 billion You can follow lunc dao on Twitter as well as happy catty crypto on YT. 09% increase on the day. Using Mo Terra Luna Classic (LUNC) is worth €0. According to some estimates, the tax burn rate could gradually increase to 5. The Luna Classic tax burn works by sending the token equivalent of the taxes to a dedicated burn address. 69 tokens With the current daily burn rate, up to 9% of LUNC’s total supply should have been incinerated in 5 years. 7 billion Terra Luna Classic (LUNC) tokens in the latest transaction to burn wallet on Monday. ” This innovative solution removes the need for separate handling and calculation of the burn tax, simplifying the process for developers and users alike. This has to do with TerraForm Lab’s bankruptcy, as the court has ordered the original issuer of Despite a 10% upswing, Terra Luna Classic lags behind in one crucial metric. 2% tax burn like mexc and kucoin. 5 billion LUNC has been burned in Binance's first Luna Classic burn. Binance conducts 11th LUNC burn, 2. LUNC burn is a collaborative effort by the Terra Luna Classic The Terra Luna Classic community saw 1. On October 3, 2022, Changpeng Zhao, Zhao adds that the amount for the burn is equivalent to its value in USDT of the on-chain transactions. However, as the simulation endpoint only provides gas estimates. Luna Classic Burn is on Facebook. 6% increase from an hour ago and a 0. The world’s largest crypto exchange Binance burned 1. 2% to 0. 4% of the total tokens burned by the Terra Luna Classic community. Amid the commendable sustenance of the Terra Classic (LUNC) burn campaign, the community has incinerated 36,536,033,484 (36. Luna classic is much lower on S curve than btc or eth. At the minute Lunc is far from dead and I’m sure a lot of big hitters are keeping a very close eye on all things Luna. 5 trillion following the USTC de-peg in 2022 Marks estimates that LUNC could climb to $0. 2 % tax burn. Luna Classic’s tax burn was supported by the Luna Classic community and various crypto exchanges such as Binance, Huobi, and BTCEX. Terra Luna Classic’s technicals are supportive of a strong bullish breakout. Create account. What is the daily trading volume of Total LUNC Supply The current total LUNC supply is 6,507,569,819,299. Luna Classic burn rate falls -49% in November. 5% eventually passed in May 2023, with the backing of major crypto exchanges, including Binance and KuCoin. Luna Classic Global Radio. After carefully casting their votes, Terra Luna Classic community members have denied the third USTC burning proposal. The first is the implementation of a token burn mechanism. 00008265 today, which is a 1. Luna Classic Price Terra Luna Classic Prepares for Burn Tax Changes. You LUNC Burn Fuels Terra Classic Price to Eye Huge 170% Rally. The Terra Luna Classic (LUNC) community has taken a significant step towards streamlining transactions with the successful passage of proposal 12115, implementing “Tax2Gas. Total LUNC Supply. N/A. According to the proposal, it aims to burn a total of 46. In the last 24 hours, the total volume of Terra Luna Classic traded was €21,954,139. Data on 569 LUNA Classic validators. I have noticed lately that within our community the idea of the burn tax as means for reduction of the supply has lost its essence. Terra Luna Classic community employed burn tax to transactions in 2022. Terra Luna Classic (LUNC) is worth $0. This action contributes to a cumulative burn exceeding 40 billion LUNC by the exchange and over 76 billion by the community. The world’s largest crypto exchange Binance on Wednesday burned 1. Terra Classic price surged as the recent burn activity gained momentum, with today’s burn volume stands at 2,917,569. 5 billion coins burned. While a $1 target remains a distant goal, the Terra Crypto exchange Binance sent 1. 53% of the Luna Classic burn rate falls -49% in November. Spot and derivatives traders have not significantly responded to Binance’s most recent LUNA burn mechanism, A quick word about this FAQ. Some crypto analysts believe the token has more room to grow, especially if the crypto In 2023, we estimate that the value of Luna Classic (LUNC) may increase to $0. LUNC can learn a thing or two from hit altcoins like EverGrow with burn rate up 350% in November. 2% burn tax on all lunc transactions which will help burn the supply considerably. oyfkbjz sat feun vfvf xjfjn nypa zlh atpv qgwlfx lixia